Rail Vikas Nigam Wins ₹968 Crore Infrastructure Project, Shares Surge
RVNL spurts after emerging L1 bidder for Rs 968 crore railway project
Business Standard
Image: Business Standard
Rail Vikas Nigam Limited (RVNL) shares jumped 5.35% to ₹309.35 after winning the bid for a ₹968 crore railway infrastructure project from East Coast Railway. The project will enhance the railway line between Nergundi-Barang and Khurda Road-Vizianagaram over three years, including multiple bridge constructions.
- 01RVNL emerged as the lowest bidder for a ₹968 crore railway project.
- 02The project involves constructing bridges for railway line expansion in Odisha, India.
- 03RVNL's shares rose by 5.35% following the announcement.
- 04The project is scheduled for completion over three years.
- 05RVNL also secured a ₹242 crore order for upgrading electrification systems earlier this month.
Advertisement
In-Article Ad
Rail Vikas Nigam Limited (RVNL) saw its shares rise 5.35% to ₹309.35 after being awarded a major infrastructure contract valued at approximately ₹968 crore by East Coast Railway. This project focuses on the construction of key bridges as part of the third and fourth railway line expansion between Nergundi-Barang and Khurda Road-Vizianagaram in Odisha, India. The contract, which will be executed over a period of three years, includes the construction of multiple open web steel girder bridges over significant rivers including the Mahanadi, Birupa, Kathjori, and Kuakhai. Earlier in the month, RVNL also secured a ₹242 crore order from South Central Railway for upgrading overhead electrification systems, scheduled for completion within 24 months. As of December 2025, the Government of India holds a 72.84% stake in RVNL, which reported a 3.65% increase in net profit to ₹322.83 crore for Q3 FY26 compared to ₹311.44 crore in Q3 FY25.
Advertisement
In-Article Ad
The project will enhance railway infrastructure in Odisha, potentially improving connectivity and economic activity in the region.
Advertisement
In-Article Ad
Reader Poll
Do you think investing in railway infrastructure projects is beneficial for the economy?
Connecting to poll...
More about Rail Vikas Nigam Limited
Read the original article
Visit the source for the complete story.